• Climate Change Mitigation
    Climate change is one of the most serious challenges facing humanity. To a large extent, it is due to carbon dioxide emissions due to the use of fossil fuels. Reducing and ultimately ending CO2 emissions is a huge effort on the part of governments, industry and citizens, as well as their concerted work to reduce our dependence on fossil fuels and transition to low-carbon energy sources such as...
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  • Do carbon taxes reduce emissions?
    Do Carbon Taxes Reduce Emissions? The argument usually arrives disguised as arithmetic. A legislator holds up a chart, a pundit cites a gasoline price, an economist sketches a tidy curve on television. Carbon taxes, we are told, work because people respond to prices. Raise the cost of pollution and pollution declines. Elegant. Mechanical. Almost Newtonian. But carbon is not emitted by...
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  • How does carbon pricing work?
    How Does Carbon Pricing Work? There is a habit in economics, especially in rooms with polished tables and filtered air, to speak about carbon as though it were an abstraction. A metric. A unit. A derivative of energy consumption. Yet carbon dioxide is physical. It leaves a tailpipe warm. It rises from a smokestack with the invisible confidence of empire. It lingers in oceans that absorb heat...
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  • What is a carbon tax?
    What Is a Carbon Tax? A refinery in Texas exhales more carbon dioxide before dawn than a forest can absorb in months. A container ship crossing the Pacific burns bunker fuel so dense and sulfurous that, if poured into a stream, it would resemble an industrial crime scene. Yet the invoice for this damage rarely arrives. The atmosphere receives the bill. Future generations inherit the debt....
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  • Why do companies pollute?
    Why Do Companies Pollute? There is a photograph taken from orbit at night of the Gulf Coast between Houston and New Orleans. The image glows like a motherboard. Refineries, cracker plants, tank farms, pipelines, shipping terminals—a nervous system of combustion visible from space. It is difficult to look at the picture without feeling awe. It is equally difficult to look at it without...
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